GE Renewable Energy makes $10.4bn in orders last year

By Sophie Chapman
General Electric subsidiary, GE Renewable Energy, has announced it successes from last year, including making a total of US$10.4bn in orders...

General Electric subsidiary, GE Renewable Energy, has announced it successes from last year, including making a total of US$10.4bn in orders.

The renewable energy firm, known for its wind and hydro products, also recorded $10.3bn in sales in 2017.

In the same review period, the US-based company noted a 30% growth in its international orders.

Last year, GE Renewable Energy also released the world’s largest onshore wind turbine – with a 4.8MW capacity, creating enough energy to power 5,000 homes.

The firm also recorded orders for the US’ largest wind farm, to be located in Oklahoma.

SEE ALSO:

The Wind Catcher farm will have a capacity of 2GW.

GE Renewable Energy also received orders for the largest wind farm in Australia – the Coopers Gap Wind Farm will have a 453MW capacity and will be located in North Queensland.

In 2017, the firm acquired LM Wind Power, a blade manufacturer, in a €1.5bn (US$1.65bn) transaction.

GE Renewable Energy is the first offshore wind supplier working in Europe, Asia, and North and South America.

The company’s hydro division also noted a 10% growth in orders and a 40% increase in services in the year.

Share

Featured Articles

UK Government awards £54mn in heat network funding

Funding will support the development of schemes in London, Bedfordshire and Woking that use low-carbon heat sources

Shell posts $11.5bn second quarter profit

Shell's earnings fuelled by ongoing price rises and geopolitical instability as the energy major places greater focus on natural gas investments

bp opens first electric truck fast-charging facilities

Operated by bp’s Aral brand, the retail site at Schwegenheim in Rheinland-Pfalz has two 300kw chargers intended for electric trucks

Shell commits to developing Jackdaw gas field in North Sea

Oil & Gas

Prospex Energy raises £1.87m for Selva gas field development

Oil & Gas

Shanghai Electric Group launches low carbon business

Utilities